$STI
Solidion Technology Inc. Stock $sti

$sti Overview Financials Valuation SEC Filings Company Website

2022 Q4 Form 10-K Financial Statement

#000121390023020725 Filed on March 17, 2023

Income Statement

Concept	2022 Q4	2022
Revenue	$0.00	$545.7K
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin	$239.6K	$904.2K
YoY Change		63130.07%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses	$239.6K	$904.2K
YoY Change		63130.28%
Operating Profit
YoY Change
Interest Expense	$1.069M	$1.819M
YoY Change
% of Operating Profit
Other Income/Expense, Net	$0.00	$1.838M
YoY Change
Pretax Income	$829.6K	$933.8K
YoY Change		-65400.98%
Income Tax	$213.8K	$339.9K
% Of Pretax Income	25.78%	36.4%
Net Earnings	$615.8K	$593.9K
YoY Change		-41631.82%
Net Earnings / Revenue		108.84%
Basic Earnings Per Share
Diluted Earnings Per Share	$0.04	$0.04
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept	2022 Q4	2022	2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$545.7K	$545.7K
YoY Change
Cash & Equivalents	$545.7K
Short-Term Investments
Other Short-Term Assets	$215.6K	$215.6K
YoY Change
Inventory
Prepaid Expenses	$215.6K
Receivables
Other Receivables
Total Short-Term Assets	$761.3K	$761.3K
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$127.8M	$127.8M
YoY Change
Other Assets	$35.87K	$35.87K
YoY Change		-80.11%
Total Long-Term Assets	$127.8M	$127.8M	$180.3K
YoY Change	70776.15%
TOTAL ASSETS
Total Short-Term Assets	$761.3K	$761.3K
Total Long-Term Assets	$127.8M	$127.8M	$180.3K
Total Assets	$128.6M	$128.6M	$180.3K
YoY Change	71198.28%	71198.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$439.1K	$439.1K
YoY Change
Accrued Expenses	$5.000K	$5.000K
YoY Change		-83.6%
Deferred Revenue
YoY Change
Short-Term Debt	$125.3K	$125.3K
YoY Change		0.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$909.3K	$909.3K	$156.8K
YoY Change	480.03%	480.04%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$0.00	$0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities	$909.3K	$909.3K	$156.8K
Total Long-Term Liabilities	$0.00	$0.00
Total Liabilities	$5.232M	$5.232M	$156.8K
YoY Change	3237.24%	3237.26%
SHAREHOLDERS EQUITY
Retained Earnings	-$3.895M		-$1.430K
YoY Change	272284.2%
Common Stock	$12.00		$0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$3.895M	$123.3M	$23.57K
YoY Change
Total Liabilities & Shareholders Equity	$128.6M	$128.6M	$180.3K
YoY Change	71198.28%	71198.68%

Cashflow Statement

Concept	2022 Q4	2022
OPERATING ACTIVITIES
Net Income	$615.8K	$593.9K
YoY Change		-41631.82%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities	-$28.70K	-$725.1K
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities	$0.00	-$126.0M
YoY Change
Cash From Investing Activities	$0.00	-$126.0M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net		$123.5M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	0.000	$127.2M
YoY Change
NET CHANGE
Cash From Operating Activities	-28.70K	-$725.1K
Cash From Investing Activities	0.000	-$126.0M
Cash From Financing Activities	0.000	$127.2M
Net Change In Cash	-28.70K	$545.7K
YoY Change
FREE CASH FLOW
Cash From Operating Activities	-$28.70K	-$725.1K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2022	dei	Document Type DocumentType	10-K
CY2022	dei	Document Annual Report DocumentAnnualReport	true
CY2022	dei	Document Period End Date DocumentPeriodEndDate	2022-12-31
CY2022	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2022	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
CY2022	dei	Document Transition Report DocumentTransitionReport	false
CY2022	dei	Entity File Number EntityFileNumber	001-41323
CY2022	dei	Entity Registrant Name EntityRegistrantName	NUBIA BRAND INTERNATIONAL CORP.
CY2022	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2022	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	87-1993879
CY2022	dei	Entity Address Address Line1 EntityAddressAddressLine1	13355 Noel Rd,
CY2022	dei	Entity Address Address Line2 EntityAddressAddressLine2	Suite 1100
CY2022	dei	Entity Address City Or Town EntityAddressCityOrTown	Dallas
CY2022	dei	Entity Address State Or Province EntityAddressStateOrProvince	TX
CY2022	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	75240
CY2022	dei	City Area Code CityAreaCode	(972)
CY2022	dei	Local Phone Number LocalPhoneNumber	918-5120
CY2022	dei	Security12b Title Security12bTitle	Common Stock, par value $0.0001 per share
CY2022	dei	Trading Symbol TradingSymbol	NUBI
CY2022	dei	Security Exchange Name SecurityExchangeName	NASDAQ
CY2022	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2022	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2022	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2022	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2022	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2022	dei	Entity Small Business EntitySmallBusiness	true
CY2022	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	true
CY2022	dei	Entity Ex Transition Period EntityExTransitionPeriod	false
CY2022	dei	Icfr Auditor Attestation Flag IcfrAuditorAttestationFlag	false
CY2022	dei	Entity Shell Company EntityShellCompany	true
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CY2022	dei	Auditor Firm AuditorFirmId	688
CY2022	dei	Auditor Name AuditorName	Marcum llp
CY2022	dei	Auditor Location AuditorLocation	Hartford, CT
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CY2022Q4	us-gaap	Assets Current AssetsCurrent	761283	usd
CY2022Q4	us-gaap	Assets Held In Trust Noncurrent AssetsHeldInTrustNoncurrent	127782882	usd
CY2021Q4	us-gaap	Deferred Costs DeferredCosts	180341	usd
CY2022Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	35870	usd
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CY2022Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	439086	usd
CY2021Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	491	usd
CY2022Q4	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	339899	usd
CY2022Q4	us-gaap	Accounts Payable And Other Accrued Liabilities Current AccountsPayableAndOtherAccruedLiabilitiesCurrent	5000	usd
CY2021Q4	us-gaap	Accounts Payable And Other Accrued Liabilities Current AccountsPayableAndOtherAccruedLiabilitiesCurrent	30000	usd
CY2021Q4	us-gaap	Due To Other Related Parties Classified Current DueToOtherRelatedPartiesClassifiedCurrent	939	usd
CY2022Q4	us-gaap	Notes Payable Current NotesPayableCurrent	125341	usd
CY2021Q4	us-gaap	Notes Payable Current NotesPayableCurrent	125341	usd
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CY2021Q4	us-gaap	Liabilities Current LiabilitiesCurrent	156771	usd
CY2022Q4	us-gaap	Deferred Compensation Liability Classified Noncurrent DeferredCompensationLiabilityClassifiedNoncurrent	4322500	usd
CY2022Q4	us-gaap	Liabilities Liabilities	5231826	usd
CY2021Q4	us-gaap	Liabilities Liabilities	156771	usd
CY2022Q4	us-gaap	Temporary Equity Carrying Amount Attributable To Parent TemporaryEquityCarryingAmountAttributableToParent	127242983	usd
CY2022Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2021Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
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CY2021Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
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CY2021Q4	nubi	Common Stock Value1 CommonStockValue1	316	usd
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CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-3895094	usd
CY2021Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-1430	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	-3894774	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	23570	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	128580035	usd
CY2021Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	180341	usd
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CY2022	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	809193	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1430	usd
CY2022	us-gaap	Operating Expenses OperatingExpenses	904193	usd
	us-gaap	Operating Expenses OperatingExpenses	1430	usd
CY2022	us-gaap	Investment Income Dividend InvestmentIncomeDividend	1812882	usd
CY2022	us-gaap	Interest And Other Income InterestAndOtherIncome	5683	usd
CY2022	us-gaap	Fair Value Option Changes In Fair Value Gain Loss1 FairValueOptionChangesInFairValueGainLoss1	19432	usd
CY2022	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	1837997	usd
CY2022	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	933804	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-1430	usd
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	339899	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	593905	usd
	us-gaap	Net Income Loss NetIncomeLoss	-1430	usd
	nubi	Issuance Of Class B Common Stock To Sponsor IssuanceOfClassBCommonStockToSponsor	25000	usd
	us-gaap	Net Income Loss NetIncomeLoss	-1430	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	23570	usd
CY2022	nubi	Proceeds Allocated To Public Warrants ProceedsAllocatedToPublicWarrants	3755675	usd
CY2022	nubi	Proceeds From Private Warrants ProceedsFromPrivateWarrants	5405000	usd
CY2022	us-gaap	Stock Issued During Period Value Conversion Of Convertible Securities StockIssuedDuringPeriodValueConversionOfConvertibleSecurities	-234654	usd
CY2022	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	776815	usd
CY2022	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	-12942102	usd
CY2022	us-gaap	Stock Redeemed Or Called During Period Value StockRedeemedOrCalledDuringPeriodValue	-1272983	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	593905	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	-3894774	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	593905	usd
	us-gaap	Net Income Loss NetIncomeLoss	-1430	usd
	us-gaap	Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty	939	usd
CY2022	us-gaap	Investment Income Interest InvestmentIncomeInterest	1812882	usd
CY2022	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	-19432	usd
CY2022	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	215628	usd
CY2022	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	35870	usd
CY2022	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	339899	usd
CY2022	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	424906	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	491	usd
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-725102	usd
CY2022	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	125970000	usd
CY2022	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-125970000	usd
CY2022	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	123500000	usd
CY2022	us-gaap	Proceeds From Issuance Of Private Placement ProceedsFromIssuanceOfPrivatePlacement	5405000	usd
CY2022	us-gaap	Proceeds From Issuance Initial Public Offering ProceedsFromIssuanceInitialPublicOffering	-1235000	usd
CY2022	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	429243	usd
CY2022	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	127240757	usd
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CY2022Q4	nubi	Public Price Per Share PublicPricePerShare	10.2
CY2022	nubi	Aggregate Share Percentage AggregateSharePercentage	0.15	pure
CY2022	us-gaap	Debt Instrument Redemption Price Percentage DebtInstrumentRedemptionPricePercentage	1	pure
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CY2022	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	100000	usd
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CY2022	us-gaap	Sale Of Trust Assets To Pay Expenses SaleOfTrustAssetsToPayExpenses	545655	usd
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CY2022	us-gaap	Use Of Estimates UseOfEstimates	<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Use of Estimates</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of financial statements in conformity with US GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the balance sheet which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i> </i></b></p>
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	us-gaap	Payments To Invest In Decommissioning Fund PaymentsToInvestInDecommissioningFund	0	usd
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CY2022	us-gaap	Common Stock Dividends Shares CommonStockDividendsShares	337500	shares
	nubi	Subject To Forfeiture SubjectToForfeiture	412500	shares
CY2022Q1	nubi	Aggregate To Founder Shares AggregateToFounderShares	3162500	shares
CY2022	nubi	Percentage Of Issued And Outstanding PercentageOfIssuedAndOutstanding	0.20	pure
CY2022	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Concentration of Credit Risk</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Financial instruments that potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution, which, at times, may exceed the Federal Depository Insurance Coverage of $250,000. The Company has not experienced losses on this account.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022	us-gaap	Federal Deposit Insurance Corporation Premium Expense FederalDepositInsuranceCorporationPremiumExpense	250000	usd
CY2022Q1	nubi	Purchase Of Underwriters Units PurchaseOfUnderwritersUnits	1350000	shares
CY2022Q1	nubi	Offering Price Per Unit OfferingPricePerUnit	10
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CY2022	us-gaap	Sale Leaseback Transaction Gross Proceeds Investing Activities SaleLeasebackTransactionGrossProceedsInvestingActivities	5000000	usd
CY2022Q4	us-gaap	Common Stock No Par Value CommonStockNoParValue	11.5
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CY2022Q1	us-gaap	Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1 ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1	1
CY2022Q1	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	405000	usd
CY2022	us-gaap	Stock Issued During Period Shares Reverse Stock Splits StockIssuedDuringPeriodSharesReverseStockSplits	75000	shares
CY2022	us-gaap	Business Combination Control Obtained Description BusinessCombinationControlObtainedDescription	The holders of the Founder Shares have agreed, subject to limited exceptions, not to transfer, assign or sell any of the Founder Shares until the earlier to occur of: (A) one year after the completion of a Business Combination and (B) subsequent to a Business Combination, (x) if the last reported sale price of the Class A common stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after a Business Combination, or (y) the date on which the Company completes a liquidation, merger, capital stock exchange or other similar transaction that results in all of the Public Stockholders having the right to exchange their shares of common stock for cash, securities or other property.
CY2021Q3	us-gaap	Related Party Transaction Amounts Of Transaction RelatedPartyTransactionAmountsOfTransaction	300000	usd
CY2022	us-gaap	Increase Decrease In Notes Payable Current IncreaseDecreaseInNotesPayableCurrent	125341	usd
CY2021	us-gaap	Increase Decrease In Notes Payable Current IncreaseDecreaseInNotesPayableCurrent	125341	usd
CY2022Q2	nubi	Share Issued Price Per Share ShareIssuedPricePerShare	1
CY2022	us-gaap	Related Party Transaction Expenses From Transactions With Related Party RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty	2841	usd
CY2022	us-gaap	Increase Decrease In Due To Related Parties Current IncreaseDecreaseInDueToRelatedPartiesCurrent	0	usd
CY2021	us-gaap	Increase Decrease In Due To Related Parties Current IncreaseDecreaseInDueToRelatedPartiesCurrent	939	usd
CY2022	us-gaap	Other Expenses OtherExpenses	10000	usd
CY2022	us-gaap	Related Party Tax Expense Due To Affiliates Deferred RelatedPartyTaxExpenseDueToAffiliatesDeferred	95000	usd
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CY2022	nubi	Warrant Price WarrantPrice	1
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CY2022Q4	us-gaap	Common Stock Discount On Shares CommonStockDiscountOnShares	70000000	usd
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CY2021Q4	us-gaap	Cash Cash		usd
CY2021Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent		usd
CY2021Q4	us-gaap	Assets Current AssetsCurrent		usd
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CY2022	dei	Amendment Flag AmendmentFlag	false
CY2022	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2022	dei	Entity Central Index Key EntityCentralIndexKey	0001881551

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$STI
Solidion Technology Inc. Stock $sti

2022 Q4 Form 10-K Financial Statement

#000121390023020725 Filed on March 17, 2023

Income Statement

Balance Sheet

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Facts In Submission

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$STI Solidion Technology Inc. Stock $sti

2022 Q4 Form 10-K Financial Statement

#000121390023020725 Filed on March 17, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$STI
Solidion Technology Inc. Stock $sti